Gold prices rose by 2.3 percent, closing at $2,910 per ounce at the end of last week's trading following the release of weak economic data from the United States.  

A specialized report by Kuwait’s **Dar Al-Sabah** Company, issued today, Sunday, stated that the yellow metal continues to attract investments as a safe haven amid global economic uncertainty, especially after the "tariff wars" ignited by the United States against Canada, Mexico, and China, which are expected to have a negative impact on global trade.  

The report added that uncertainty surrounding the trade policies of U.S. President Donald Trump persists, despite the halt in tariff increases on some goods from Canada and Mexico. However, the tariffs imposed by Canada remain in place, while China is set to implement new measures next week, further increasing market uncertainty and boosting demand for gold.  

The report explained that the actions of central banks worldwide reflect a continued trend toward increasing gold reserves. For instance, the People's Bank of China added 10 tons of gold to its reserves early in 2025, while the National Bank of Poland purchased 29 tons, marking its largest acquisition since 2019. This reflects the ongoing global interest in gold as a tool for value protection amid economic and political volatility.  

The **Dar Al-Sabah** report noted that gold may face some short-term declines but will remain a focal point for investors seeking safety amid global economic turmoil.  

It also indicated that gold may need a new catalyst to push its prices to higher levels, emphasizing the need to monitor the impact of new European policies on the gold market. The European Union announced a €1 trillion fund to support military spending, which could influence investment flows and increase demand for gold.  

The report concluded that, despite temporary challenges, gold remains in a strong position due to global economic factors. There are also expectations of further gains in the long term if supportive factors such as inflation and economic and political uncertainty persist.  

It suggested that the yellow metal could continue to rise toward higher levels, surpassing the $3,000 per ounce mark this year if global inflationary pressures and tense economic policies persist.  

In the local market, the **Dar Al-Sabah** report stated that the price of 24-karat gold reached 28.98 dinars per gram (approximately $89), while 22-karat gold was priced at 26.56 dinars per gram (approximately $81). Silver prices stabilized at 363 dinars per kilogram (approximately $1,176).  

An **ounce** is one of the units of mass measurement and is used in several different systems of measurement. It is also called an **ounce** and equals 28.349 grams. When used as a unit of measurement for precious metals, it equals 31.103 grams.